Russia is racing to secure new oil and gas deals and increase its production. Russia’s oil and gas reserves are becoming more difficult to access. The Kremlin is also looking to capitalize on emerging fuels, such as hydrogen. Russia does not appear to be backing down from its oil and gas commitments, with speculation over new partnerships with India, as well as plans to up its crude output from January, its fossil fuel industry is going from strength to strength. Russia and India signed several energy cooperation agreements last week, as Russia plans to send just under 15 million barrels of oil from Russian producer Rosneft to India throughout 2022. India, the world’s third-largest crude consumer, currently imports around 85 percent of its oil needs , mainly coming from Middle Eastern suppliers. The country’s imports have soared this year, after a difficult 2020 when pandemic restrictions drove down energy […]